NEW YORK (TheStreet) -- Shares of Under Armour (UA) - Get Report were declining in early-afternoon trading on Monday as the sportswear retailer will report 2016 third-quarter results before tomorrow's market open.
Wall Street is anticipating a year-over-year increase in earnings and revenue for the quarter.
Analysts surveyed by FactSet are modeling earnings of 25 cents per share on revenue of $1.46 billion. For the year-ago period, Under Armour reported split-adjusted earnings of 23 cents per share on revenue of $1.20 billion. The company effectively split its shares two-for-one in April.
Canaccord Genuity reiterated a "buy" rating on the stock ahead of the results, Barron's reports.
"Overall, we are expecting a solid third quarter with a favorable fourth-quarter outlook," the firm said.
Canaccord anticipates 17% growth in apparel, 40% growth in footwear and 18% growth in accessories.
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Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C+.
Under Armour's strengths such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures are countered by weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and premium valuation.
You can view the full analysis from the report here: UA
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.